Small Business Bankruptcies

Jupiter Small Business Bankruptcy Attorney

At Gort Law, we diligently help small business owners navigate Chapters 7, 11, and 13 bankruptcy. If debt has hampered your company and you are looking for relief, contact us today to learn about your options and the support our Jupiter small business bankruptcy lawyer offers. For decades, he has worked at the intersections of the business and legal worlds. Today, you can benefit from Attorney Michael A. Gort’s financial and legal counsel. 

To discuss whether bankruptcy is right for you and where to begin, contact us to arrange a consultation. These initial meetings are free, and we can arrange them virtually. 

To partner with Gort Law, call (561) 778-7047 or contact us online. Our attorney represents clients in Jupiter, Palm Beach Gardens, Fort Pierce, Port St. Lucie, Indian River County, and nearby areas. 

Bankruptcy Types for Small Businesses

Chapter 7

If hard times have made it impossible for your company to sustain operations, filing for Chapter 7 bankruptcy may be the best choice. Filing for it involves liquidating non-exempt assets to pay off creditors. Chapter 7 bankruptcy can completely discharge debts and help you close your business in an orderly manner. 

If you have personally guaranteed your business debt, you may also choose to file for Chapter 7 bankruptcy to wipe it out. 

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Why File for Bankruptcy as a Small Business Owner? 

There are a variety of reasons why you might need to file for bankruptcy as a small business owner, including: 

  • Overwhelming debt: When business expenses and debts become unmanageable, bankruptcy can eliminate certain debts or make payments less burdensome.
  • Lawsuits and judgments: If your business is facing lawsuits or has been ordered to pay large judgments, bankruptcy can halt legal proceedings and give you time to negotiate a resolution.
  • COVID-19 impacts: Many small businesses are still feeling the effects of the COVID-19 pandemic. Bankruptcy may alleviate some of the financial strain caused by decreased revenue and increased expenses. 

Your Alternatives to Bankruptcy

Before filing for bankruptcy, it is important to explore all your options. These may include:

  • Negotiating with creditors: In some cases, creditors may be willing to negotiate payment plans or reduce the amount you owe. Visit our debt negotiation page to learn more about this option.
  • Debt consolidation: This involves combining multiple debts into one monthly payment with a lower interest rate.
  • Selling assets: If you have assets that are not essential to your business operations, selling them can generate cash flow to make debt payments.
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How Our Jupiter Small Business Bankruptcy Attorney Can Help

Attorney Gort is a seasoned business professional who offers an incomparable level of service to small businesses at a fraction of the cost of an in-house general counsel. If your company is struggling financially and bankruptcy seems like a viable solution, turn to Attorney Gort with confidence.

On your behalf, he can: 

  • Carefully assess your situation and weigh your debt relief options
  • Prepare and file bankruptcy paperwork
  • Negotiate with creditors to reduce or restructure debts
  • Create repayment plans tailored to your business
  • Represent you in bankruptcy proceedings

It costs nothing to discuss your company and its legal and financial needs with Jupiter small business bankruptcy attorney Michael A. Gort. So, do not wait—contact us today. 

To schedule your complimentary consultation, call (561) 778-7047 or message Gort Law online.

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